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Oriole Company had the following inventory transactions occur during 2022:
Units
Cost/unit
Feb. 1, 2022
Purchase 101 $101
Mar. 14, 2022
Purchase 174 $105
May 1, 2022
Purchase 123 $110
Question 1: The company sold 286 units at $141 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2800, what is the company's after-tax income using FIFO?
$6881.00
$4816.70
$7845.00
$5491.50
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